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Euro Rises, Yen Slides, Hedge Funds Win Again

Monday, 24 Dec 2012 | 7:56 AM ET

'Fiscal cliff' worries were not enough to keep risk-sensitive currencies down, and the euro rose. [dailyfx.com]

Japan's incoming prime minister pressed harder on the Bank of Japan to raise its inflation target, and the yen fell. [CNBC]

The New Zealand dollar tumbled Monday as worries about the 'fiscal cliff' impasse were exacerbated by thin holiday trading. [WSJ]

Hedge funds have profited handsomely from the European debt crisis. [NYT]

The yuan weakened late in quiet trading as China's central bank guided it lower. [WSJ]

Iceland may extend its currency controls - again - to prevent a rapid outflow of foreign reserves and devaluation of the krona. [FT]

CNBC

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